Business

EFSA approves Kellogg’s revised bid to acquire Bisco Misr at LE86.36/share

EFSA approves Kellogg’s revised bid to acquire Bisco Misr at LE86.36/share

The Egyptian Financial Supervisory Authority (EFSA) approved Kellogg’s revised bid to acquire Bisco Misr at EGP86.36/share, 2.008% over Abraaj’s bid…
Amer Group in deal with Saudi mall co for theme park

Amer Group in deal with Saudi mall co for theme park

Amer Group has signed a deal with a Saudi entertainment and shopping malls giant Othaim Markets for the establishment of…
Egypt’s GASC buys 240,000 T French wheat, 60,000 T Russian wheat

Egypt’s GASC buys 240,000 T French wheat, 60,000 T Russian wheat

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Saturday it had bought 300,000 tonnes of…
Expert: Tourism sector in Red Sea looses $0.5 billion monthly due to Russian tourism crisis

Expert: Tourism sector in Red Sea looses $0.5 billion monthly due to Russian tourism crisis

Russian tourism to Red Sea resorts has dropped by 50 percent over the past few weeks following a decline in…
Minister: Fitch’s upgrade to Egypt’s credit rating helps attract investments

Minister: Fitch’s upgrade to Egypt’s credit rating helps attract investments

Finance Minister Hany Qadry Dimian considers Fitch Ratings' decision to upgrade its evaluation of the Egyptian economy as an important…
World Bank: Syria and IS crises cost the Middle East $35 bn

World Bank: Syria and IS crises cost the Middle East $35 bn

In a study conducted for Egypt, Jordan, Lebanon, Syria, Iraq and Turkey on the economic impact of the war in…
Traders: Egypt’s EGAS has tendered for at least 48 LNG cargoes

Traders: Egypt’s EGAS has tendered for at least 48 LNG cargoes

 Egypt's state-owned gas company EGAS has tendered to buy at least 48 cargoes of liquefied natural gas (LNG) for delivery…
Egypt’s market regains $1.58 bn of previous 2-day losses, EGX30 Index soars 3.4%

Egypt’s market regains $1.58 bn of previous 2-day losses, EGX30 Index soars 3.4%

Egyptian shares have recovered during Thursday's session part of their large losses from the previous two days, following the Arab…
Egyptian pound steady on official market, stronger on black market

Egyptian pound steady on official market, stronger on black market

The Egyptian pound was unchanged at a central bank dollar sale on Thursday and stronger on the unofficial market after…
Egypt turns to protectionism for automotive batteries

Egypt turns to protectionism for automotive batteries

Egypt has decided to begin protectionist measures to face a sudden rise in automotive batteries imports in a bid to…
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